JUNEAU - Gov. Bill Walker says the state is expected to pay about $100 million more in tax credits to oil producers than it receives in production taxes this year amid low oil prices.In an opinion piece, published in Alaska newspapers, Walker says while he supports the philosophy behind tax incentives, giving away more in tax breaks than the state collects in revenue is irresponsible, and unsustainable.

...the state (mining provides tens of millions of dollars to state coffers, compared to several billion dollars in oiltaxrevenue) and use of the road would be restricted to commercial traffic and otherwise closed to the public.Each of the major...

...earnings. The Parnell administration predicted that oiltaxrevenue in Fiscal Year 2015 would be $3.4 billion.Now the state predicts that with SB 21, oiltaxrevenue in 2015 will collapse to $1.7 billion. At this...

...profound concern that the continuing reduction of oil at 6 percent a year is a pending economic disaster for Alaska. Oiltaxrevenues provide about 90 percent of our budget for education, public safety, health and human services, transportation...

...the backs of our public employees. There is such a disconnect with Parnell's priorities in slashing billions in oiltaxrevenues without reciprocal guarantees, funding another $400 million study for a small volume bullet gas line that puts not...

...development in Alaska, we see that the current system creates a dilemma for the State. Since the State receives oiltaxrevenue from production, but awards tax credits based on a company's spending, we incur significant costs to the treasury...

...the state would fare if prices ever dropped to about $25 a barrel. It's called the "crossover point" at which oiltaxrevenues under the proposed new system would be less than under the existing formula. The trade-off for a lot more state...

...could renovate and expand. Not only will construction of the gas line create jobs, but the influx of new gas and oiltaxrevenue would build infrastructure to sustain and attract new businesses to communities. Alaska would be able to provide...